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On April 1 of year 0 Stephanie received a $9,000 payment for full payment on a three-year service contract (under the contract Stephanie is obligated

On April 1 of year 0 Stephanie received a $9,000 payment for full payment on a three-year service contract (under the contract Stephanie is obligated to provide advisory services for the next three years).(Leave no answers blank. Enter zero if applicable.)

b.What amount of income will Stephanie recognize in year 1 if she uses the accrual method of accounting?

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